Encouraging Investment in Small Business Act

Summary

Encouraging Investment in Small Business Act - Amends the Internal Revenue Code with respect to qualified small business (QSB) stock (section 1202) to: (1) increase the amount of gain excluded from the sale of such stock to 75 percent; (2) reduce the holding period applicable to such sale to three years; (3) exclude such gain from alternative minimum tax consideration; (4) increase the active business working capital requirement to five years; (5) permit a QSB to make specified purchases of its own stock without losing the gain exclusion if made for a business purpose; (6) exclude biotechnology and aquaculture businesses from QSB status; (7) increase the cap on eligible gain for joint returns to $20,000; (8) reduce the capital gains rate for such gains; and (9) increase the related rollover period to 180 days.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 5 March 2001

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 5 March 2001

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• Introduced in Senate

  summary · EN · 5 March 2001

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